Borussia Moenchengladbach midfielder Granit Xhaka is expected to arrive in a £33.8million deal, while Wenger is also after a striker with Danny Welbeck out for nine months.

Tomas Rosicky and Mikel Arteta have already brought their time in north London to a close, while the Gunners are prepared to listen to offers for Theo Walcott and Alex Oxlade-Chamberlain. Others could follow.

Wenger added: “We know what our step is now. Last year we finished third and this year second. So hopefully we can go one better next season.”